WannaCry virus fails to stimulate surge in Cyber insurance, according to FWD broker research
03 Jul 2017
A recent survey of 250 UK insurance broking firms, however, shows that following the attack there has surprisingly been little increase at all in the number of enquiries for Cyber insurance cover.
Global Markets Update - Monday 3 July 2017
03 Jul 2017
Global bonds and the US dollar fell after more hawkish comments from the European Central Bank, the Bank of England and the Bank of Canada raised speculation that they were soon to join the Federal Reserve in starting to normalise monetary policy. The news also unsettled global stockmarkets.
Global Markets Update - Monday 26 June 2017
26 Jun 2017
Global stockmarkets ended the week broadly unchanged, although oil prices slid to the lowest levels this year.
Global Markets Update - Monday 19 June 2017
19 Jun 2017
The US raised interest rates once more, and global stockmarkets retreated slightly as central banks in the US, UK and Canada delivered hawkish comments.
Global Markets Update - Monday 12 June 2017
12 Jun 2017
In general, global stockmarkets shrugged-off the UK general election result indicating significant uncertainty had already been priced into markets due to the forthcoming Brexit negotiations. Sterling was the main casualty.
The OECD revised its prediction for global growth this year to 3.5%, up from 3.3% in March, as increased trade and investment flows offset a weaker outlook in the US. This would be the global economy’s best performance since 2011.
Global Markets Update - Monday 5 June 2017
05 Jun 2017
Global equities and bonds rallied over the three-week period as a ‘goldilocks’ scenario of steady, but unspectacular, growth and subdued inflation was seen to delay any move to withdraw central bank support for markets.
GLOBAL MARKETS UPDATE - MONDAY 15 MAY 2017
15 May 2017
The US and China sign a trade agreement that opens the Chinese market to US credit rating agencies and credit card companies. Under the deal, China will also lift its ban on US beef imports and accept US shipments of liquefied natural gas.
GLOBAL MARKETS UPDATE - MONDAY 8 MAY 2017
08 May 2017
Stronger-than-expected US economic data raised expectations that the Fed would increase rates again in June.
Commodity prices weakened as Chinese money market rates hit a two-year high.
GLOBAL MARKETS UPDATE - MONDAY 24 APRIL 2017
24 Apr 2017
Bonds fared well amid rising risk aversion ahead of the first round of the French presidential elections and rising geopolitical tensions in Asia and the Middle East. In contrast, European equity markets weakened.
The IMF said it expected the world economy to grow faster than it previously thought, thanks to increased trade, investment and manufacturing. It revised its projections for global growth in 2017 up to 3.5%, from its previous estimate of 3.4%. While small, this is the first time in six years the IMF has revised up previous expectations for short-term global growth.
GLOBAL MARKETS UPDATE - MONDAY 10 APRIL 2017
10 Apr 2017
Tensions increased between Russia and the US after the latter launched missiles at a Syrian airbase following a gas attack on Syrian civilians. President Trump also sent a US aircraft carrier to the waters off South Korea after North Korea launched another missile test.
After the lone wolf terror attack in Westminster, Sweden also suffered a fatal attack when a lorry drove into a department store.